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The general assembly of Bank of Palestine approves distributing %21.40 as cash dividends to the shareholders

2010-05-02

The general assembly of Bank of Palestine (BOP) held on Friday, April 30, 2010, its ordinary and extraordinary meetings with the presence of the companies’ controller Nizam Ayyoub and the representatives of PMA, CMA and PSE. The ordinary general assembly approved the board of director’s recommendation to distribute 21.40% from the capital as cash dividends- $21.40 million- to the shareholders. As the extraordinary general assembly approved increasing the bank’s capital (currently $100 million) to $200 million. The ordinary meeting also elected by recommendation a new board of directors that consists of the old eleven members in addition to two new members in which they represent IFC and BPC, to raise the board of directors members to 13.